View the step-by-step solution to: The volume variance is nonzero whenever: 1. standard hours

The volume variance is nonzero whenever:...
The volume variance is nonzero whenever:
1. standard hours allowed for the output of a period differ from the denominator level of activity.
2. actual hours differ from the denominator level of activity.
3. standard hours allowed for the output of a period differ from the actual hours during the period.
4. actual fixed overhead costs incurred during a period differ from budgeted fixed overhead costs as a contained in the flexible budget.

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